saving and budgeting
Post on 24-Jun-2015
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Saving and BudgetingSaving and Budgeting
Goals of a Market Economy?
Goals of a Market Economy?
Describe a Market Economy
Unique Characteristics
Describe a Market Economy
Unique Characteristics
How will you compete?How will you compete?
Earning a wage…
Jobs?
Careers?
Education?
Earning a wage…
Jobs?
Careers?
Education?
What to do next…What to do next…
SavingSaving
Why do we save?
How do we save?
Why do we save?
How do we save?
SavingSaving
“Pay yourself first”
Set goals-Short Term & Long Term
The amount of your income not spent on consumption
“Pay yourself first”
Set goals-Short Term & Long Term
The amount of your income not spent on consumption
Bank AccountsBank Accounts
Savings account
Checking account
Certificate of Deposit (C.D)
Savings account
Checking account
Certificate of Deposit (C.D)
Choosing an AccountChoosing an Account
Factors to consider Why do you need it?-Convenience
■ Interest rate ■ Fees, charges, and penalties
■ Balance requirement
Factors to consider Why do you need it?-Convenience
■ Interest rate ■ Fees, charges, and penalties
■ Balance requirement
Look at AccountsLook at Accounts
Look at Account selection sheet
Specific Bank Applications
Online Bill Pay
Look at Account selection sheet
Specific Bank Applications
Online Bill Pay
BudgetingBudgeting
Creating a budget
Estimate, Track, Adjust
Sample budgets
Your Turn
Creating a budget
Estimate, Track, Adjust
Sample budgets
Your Turn
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